UniFirst (NYSE:UNF) Announces Earnings Results, Beats Estimates By $0.51 EPS


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UniFirst (NYSE:UNF) posted its quarterly earnings results on Tuesday. The textile maker reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.51, MarketWatch Earnings reports. UniFirst had a net margin of 7.70% and a return on equity of 8.49%.

NYSE UNF traded down $4.86 on Thursday, hitting $220.10. 590 shares of the company were exchanged, compared to its average volume of 108,446. The firm has a 50 day moving average of $199.76 and a two-hundred day moving average of $188.38. The company has a market cap of $4.16 billion, a P/E ratio of 28.30 and a beta of 0.89. UniFirst has a 1-year low of $121.89 and a 1-year high of $227.55.

The business also recently declared a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Monday, December 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, December 4th. This represents a $1.00 annualized dividend and a yield of 0.45%. UniFirst’s dividend payout ratio (DPR) is 11.74%.

In other UniFirst news, EVP Michael A. Croatti sold 1,286 shares of the business’s stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $188.37, for a total transaction of $242,243.82. Following the completion of the sale, the executive vice president now directly owns 9,122 shares of the company’s stock, valued at approximately $1,718,311.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael A. Croatti sold 997 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $163.41, for a total value of $162,919.77. Following the sale, the executive vice president now directly owns 9,122 shares of the company’s stock, valued at $1,490,626.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,370 shares of company stock worth $423,063. 1.10% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Northcoast Research reiterated a “neutral” rating on shares of UniFirst in a research note on Thursday, October 22nd. BidaskClub upgraded shares of UniFirst from a “sell” rating to a “hold” rating in a research note on Friday, December 11th. Finally, Zacks Investment Research upgraded shares of UniFirst from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 23rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $191.67.

About UniFirst

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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Earnings History for UniFirst (NYSE:UNF)

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